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ACC 291 Week 5 Wiley Plus E13-1_ E13-8_ E14-1_P13-9A_P13-10A and P14-2A

E13-1

Pioneer Corporation had these transactions during 2011.

(a) Issued $50,000 par value common stock for cash.

(b) Purchased a machine for $30,000, giving a long-term note in exchange.

(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of

$200,000.

(d) Declared and paid a cash dividend of $18,000.

(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash.

(f) Collected $16,000 of accounts receivable.

(g) Paid $18,000 on accounts payable.

Instructions

Analyze the transactions and indicate whether each transaction resulted in a cash flow from

operating activities, investing activities, financing activities, or noncash investing and financing

activities